US: Inflationary Pressures Turn Sharply Gigher in January 

The Consumer Price Index (CPI) rose 0.5% month-on-month (m/m) in January, an acceleration from December’s 0.4% m/m gain. On a twelve-month basis, CPI was up 3.0% (from 2.9% in December). Energy prices rose 1.1% m/m, led by a further gain in gasoline prices (+1.8% m/m), though energy services (+0.3%m.m) were also higher. Food prices (+0.4% […]

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